Moneyjigyasu.

com- Guide on how to us

Please read this guide and terms of usage (at the end) to use this calculator-
1. This tool covers following CTC components:
> Basic Salary (Include Dearness Allowance if any)
> House Rent Allowance - By default, HRA is taken at 50% of Basic Salary, but you can edit the v
> Provident Fund- By default, PF is taken at 12% of Basic Salary. You can edit the amount as per
> Special Allowance
> Children Education Allowance
> Leave Travel Allowance - By default, LTA is taken as equal to your monthly basic salary. You ca
> Any other Allowance - If you receive any other allowance, please enter the amount here. This is
> Sodexo Coupons
> Gratuity
> Variable Portion
If any of the above components i.e. variable, gratuity etc. is not a part of your CTC, simply en
Note: This tool covers the normal CTC components for private sector employees and may not be u

2. General Guidance- Read this please

Important: You need to fill only the "Input sheet", the remaining sheets will be auto-populate
relevant details in the Input Sheet correctly.

Color Code for cells

For cells in this color, you need to input data or edit the values.
Cells in this color are auto-calculated and not editable

Terms of usage: The calculator is for reference and educational purpose only and not professional
this calculator as accurate as possible, there may be deviations in individual cases and take home figure is
or queries, please mention in the comments section on our website or shoot a mail to newsletter@moneyji

3. Guidance on filling details in Input sheet

A. Details of salary:
Please fill the details exactly as per your offer letter. In case any component mentioned is not in the CTC, s
For "Any other allowance", that is not mentioned in the CTC, enter the total of these allowances here. All th
please enter the exempted amount manually in

B. Other Detaiils:
Any deductions from salary: Enter any amount deducted from your salary e.g. if the company deducts a
Variable Amount actually received: Variable amount i.e. performance bonus mentioned in your offer lette
expected to be received at the end of the year / quarter. For convenience sake, it is assumed to be the sam
C. Details for Exemptions:
HRA: Please enter the details of "rent paid and city of residential accomodation-Metro/Non-metro in "HRA
HRA Exempted amount for TDS calculator will be auto- filled based on these details and is not editable
Sodexo coupons: By default, it is assumed that you opt for full value of Sodexo Coupons. In case you op
actual coupons taken e.g. if your employer offers sodexo worth INR 2200/- per month but you opt to take c
only Rs.1500/- i.e. value of coupons actually taken which will be tax free.
LTA claimed/reimbursed against bills: Enter the actual amount of LTA claims for which you have submitt
purpose. By default, it is assumed to be fully claimed. You can edit the amount as per your actual claim.

D. Details of other income:

Enter any income you have declared to your employer like interest on bank account, rental income etc.
In case you are paying interest on your self occupied house property, enter the annual interest amount on
property rented out, there is no such limit.

E. Details of Investments/ Other Deductions:

80C-Enter the eligible investments under section 80C like ELSS MF, NSC, PPF etc or eligible expenses lik
80D-Enter mediclaim premium paid by you for your spouse, childrent and parents
80E- Enter interest paid for any education loan for own (Self) education

Note: Once you fill all the details in the input sheet, you can check your take home salary here
 Moneyjigyasu.com- Input Sheet
Important: Please fill all the details in the input sheet.
All remaining sheets are auto-calculated based on the Input Sheet and do not need any data to be input.
Particulars Monthly
A. Details of Salary as per your offer letter
1. Basic Salary (Include Dearness Allowance if any) ₹ 44,000
2. House Rent Allowance ₹ 22,000
3. Provident Fund (Employer's Contribution) ₹ 5,280
4. Special Allowance ₹ 12,000
5. Children Education Allowance

o m ₹0

.c
6. Leave Travel Allowance ₹ 4,400

u
7. Any other Allowance* ₹0
8. Meal Vouchers e.g. Sodexo coupons

a s ₹ 2,200
9. Gratuity (Enter only if included in CTC)

g y ₹0

ji
Fixed CTC as per Offer Letter ₹ 89,880
10. Variable Amount

e y
n
Total CTC
B. Other Details-Salary

m o Particulars
1. Any deductions from Salary (e.g. transport, lunch)
Monthly
₹0
2. Variable Amount (actually received at end of the year) NA
C. Details for Exemptions
HRA
Is rental accomodation in metro city (Mumbai, Chennai, Delhi, Kolkata)?
Rent paid ₹ 20,000
Sodexo Coupons Taken NA
LTA claimed/reimbursed against bills NA
Any other exemptions
D. Details of any other income declared to employer and interest paid on House
property
Other Income
Interest paid on self occupied house property (if any)
E. Details of Investments / Deductions
U/s 80 C- Investments (up to Rs. 150,000/-)
Employees PF contribution
Others (LIC Premium/ ELSS/ Tution Fees / NSC etc.)
U/s 80CCD- Contribution to NPS or Atal Pension Yojana (up to Rs.
50,000/- in addition to 80C)
U/s 80 D- Mediclaim / Health Insurance
Mediclaim Premium-Self, Spouse and Children
Mediclaim Premium-Parents
Expenses for Health Checkup (Upto Rs. 5000 p.a)
U/s 80 DD (Medical treatment of handicapped dependent)
U/s 80DDB (Medical treatment for specified diseases
self/dependent)
U/s 80E (Interest on Education Loan)
U/s 80G (Donations to approved organisations)
U/s 80GG (Deduction for Rent when no HRA component in CTC Max
Rs. 60,000 p.a)
U/s 80U (Physical disability)
U/s 80TTA (Interest on saving bank account Max Rs.10000/- p.a)
Any other deduction
Note: Once you fill all the details in the input sheet, you can check your take home salary here

Terms of usage: The calculator is for reference and educational purpose only and not professional or legal a
this calculator as accurate as possible, there may be deviations in individual cases and take home figure is only an e
or queries, please mention in the comments section on our website or shoot a mail to newsletter@moneyjigyasu.com
 Note:
For cells in this color, enter or change the amount as per your actual figures.
d any data to be input. Cells in this color are auto-calculated and not editable
Annual

₹ 528,000
₹ 264,000 Click here for guidance on dos & donts for HRA exemption
₹ 63,360
₹ 144,000
₹0
₹ 52,800
₹ 0 Click here for guidance.
₹ 26,400
₹0
₹ 1,078,560
₹ 134,820
₹ 1,213,380

Annual
₹ 0 Click here for guidance.
₹ 134,820 Click here for guidance. Please change the amount as per your actual amount.

Yes Click here for guidance

₹ 240,000 Click here for guidance. Please edit amount as per your actual figures.
₹ 26,400 Click here for guidance. Please edit amount as per your actual figures.
₹ 52,800 Click here for guidance. Please edit amount as per your actual figures.
₹0
Annual Amt
₹ 0 Please edit amount as per your actual figures
₹ 0 Please edit amount as per your actual figures
Annual Amt

₹ 63,360
₹ 86,640 Please edit amount as per your actual figures

₹ 20,000 Please edit amount as per your actual figures

₹ 30,000 Please edit amount as per your actual figures
₹ 5,000 Please edit amount as per your actual figures
₹ 0 Please edit amount as per your actual figures

₹ 0 Please edit amount as per your actual figures

 ₹ 0 Please edit amount as per your actual figures
₹ 0 Please edit amount as per your actual figures

₹ 0 Please edit amount as per your actual figures

₹ 0 Please edit amount as per your actual figures
₹ 0 Please edit amount as per your actual figures
₹ 0 Please edit amount as per your actual figures
here

y and not professional or legal advice for taking decisions. Although care has been taken in making
and take home figure is only an estimate, which can vary for your specific case.If you have any doubts
to newsletter@moneyjigyasu.com with subject "CTC to take home Calculator-Query".
 MONEYJIGYASU.COM
CTC to Take Home Calculator
Particulars Monthly Annual Component Taxability
1. Basic Salary (Include Dearness Allowance if any) 44,000 528,000 Fully Taxable
2. House Rent Allowance 22,000 264,000 Exemption allowed
3. Provident Fund (Employer's Contribution) 5,280 63,360 Fully Exempt
4. Special Allowance 12,000 144,000 Fully Taxable
- -

m
5. Children Education Allowance Exemption allowed
6. Leave Travel Allowance

c o4,400 52,800 Exemption allowed

u.
7. Any other Allowance* - - Fully Taxable

s
8. Meal Vouchers e.g. Sodexo coupons 2,200 26,400 Exemption allowed
9. Gratuity (only if included in CTC)

y a - - Fully Exempt

ig
Fixed CTC (A) 89,880 1,078,560
10. Variable Amount
Total CTC (B)
e y j 134,820
1,213,380
Less:
Not paid in cash
o n
PF (Employer's contribution)
PF (Employee's contribution)
Others
m 5,280
5,280
63,360
63,360

Variable Portion 134,820 Actual expected Variable amount added below

Gratuity - - Paid only after 5 years of service
Deductions
Profession Tax 200 2,500
Other Deductions (if any i.e. Transport charges etc.) - -
TDS on fixed salary - -
Deductions (C) 10,760 264,040
Estimated Take Home Salary considering fixed
components [D = (B-C) ] 79,120 949,340
% Fixed Take Home Salary (D) / This is the ratio of your take home salary to Fixed
Fixed CTC (A) 88% CTC (excluding variable element)
Add: Variable Amount (actually received) [1] 134,820
 Moneyjigyasu.com- HRA Exemption Calculator

Is rental accomodation in metro city (Mumbai, Chennai, Delhi, Kolkata)? Yes

Particulars Monthly Annual

Rent paid ₹ 20,000 ₹ 240,000
Basic Salary
. c om ₹ 44,000 ₹ 528,000
a su
igy
HRA Exempted Amount (per month)
50% of Basic Salary (if Metro)
e y j ₹ 22,000 ₹ 264,000
n
mo
Rent paid - 10% of Basic Salary + DA ₹ 15,600 ₹ 187,200
HRA actually received ₹ 22,000 ₹ 264,000
Amount of HRA Exempted ₹ 15,600 ₹ 187,200

Terms of usage: The calculator is for reference and educational purpose only and not professional or
legal advice for taking decisions. Although care has been taken in making this calculator as accurate as
possible, there may be deviations in individual cases and take home figure is only an estimate, which
can vary for your specific case.If you have any doubts or queries, please mention in the comments
section on our website or shoot a mail to newsletter@moneyjigyasu.com with subject "CTC to take
home Calculator-Query".
Note: Please fill 'input sheet' only. This sheet is auto-filled
Moneyjigyasu.comIncome Tax (TDS) Calculator for Financial Year 2019-20 (Assesmen

Particulars
Excluding
Variable
Gross Salary Before Exemptions ₹ 1,015,200
Less: Exempt Allowances
HRA Exemption ₹ 187,200
Children Education Allowance ₹0
Sodexo ₹ 26,400
₹ 52,800
LTA claimed against bills
c o m
su . ₹0
₹ 266,400
Any other exemptions
y a
i g
eyj
Net Salary ₹ 748,800
o
Less: Deductions from Salary n
m
Standard Deduction ₹ 50,000
Profession Tax ₹ 2,500 ₹ 52,500
Net Taxable Salary (A) ₹ 696,300
Add: Other Income (B) ₹0
Less: Interest paid on Self Occupied House Property (C) ₹0
Gross Total Income (A) + (B) - (C') ₹ 696,300
Less: Deductions from Gross Total Income
U/s 80 C
Employees PF contribution ₹ 63,360
Others ₹ 86,640 ₹ 150,000

U/s 80 D
Mediclaim Premium-Self, Spouse and Children ₹ 20,000
Mediclaim Premium-Parents ₹ 30,000
Health Checkup (Upto Rs. 5000 p.a) ₹ 5,000 ₹ 55,000

U/s 80 DD (Medical treatment of handicapped dependent) ₹0

c o m
as u.
U/s 80DDB (Medical treatment for specified diseases self/depe ₹0
U/s 80E (Interest on Education Loan) co m ₹0
s u .
ya
U/s 80G (Donations to approved organisations)
i g
₹0
U/s 80GG (Rent in case of no HRA
e yj component in CTC) ₹0
n
mo
U/s 80U (Physical disability) ₹0
U/s 80TTA (Interest on saving bank account) ₹0
Any other deduction ₹0
Total Deductions ₹ 205,000
Taxable Income ₹ 491,300
Tax Payable on Total Income ₹ 12,065
Less: Section 87A ₹ 12,065
Net Tax Payable after Section 87A relief ₹0
Add: Surcharge ₹0
Add: Cess -
Total Tax Payable -
Monthly TDS (approx.) -

Terms of usage: The calculator is for reference and educational purpose only and not professional or
legal advice for taking decisions. Although care has been taken in making this calculator as accurate as
possible, there may be deviations in individual cases and take home figure is only an estimate, which can vary
for your specific case.If you have any doubts or queries, please mention in the comments section on our
website or shoot a mail to newsletter@moneyjigyasu.com with subject "CTC to take home Calculator-Query".
 Note: Please fill 'input sheet' only. This sheet is auto-filled
al Year 2019-20 (Assesment Year 2020-21)

Including
Variable
₹ 1,150,020

₹ 266,400
₹ 883,620

₹ 52,500
₹ 831,120
₹0
₹0
₹ 831,120

₹ 150,000

₹ 55,000

₹0
 ₹0
₹0
₹0
₹0
₹0
₹0
₹0
₹ 205,000
₹ 626,120
₹ 37,724
₹0
₹ 37,724
₹0
1,509
39,233
3,269

y and not professional or

calculator as accurate as
an estimate, which can vary
mments section on our
ke home Calculator-Query".
Key Changes in Budget 2019

1. For those who have Net Taxable Income (after deductions under section 80 C, 80D etc.) up to 5
rupees, there will be no income tax liability due to the 100% tax rebate under section 87A.

2. Standard deduction for salaried individuals has been increased from Rs.40,000 to Rs.50,000.

3. Gratuity amount allowed to be received tax free has been increased from 10 lakh rupees to 20 la